The standoff with China “cuts to the core of what the United States is going to be in the future,” Bannon said in a “Squawk Box” interview. “We have all the cards.” -CNBC

Steve Bannon

100%. The US is a net energy importer, China a net energy exporter. In a Post Peak World being an energy exporter is not the best place to be! The Chinese are shipping 1.2 mb/d boe in the $495 billion per year that they ship to the US. The Chinese business model is looking a little rickety.https://www.zerohedge.com/news/2019-05- ... -trade-war

We will now return to our regularly scheduled program of serial spammers.

Both China and the US will blame this on the trade war. But this is but a symptom of the PO dynamic. A survival of the fittest dynamic

When there is PLENTY of oil available at moderate prices by ANY objective standard, how, exactly is "the PO dynamic" a problem in the real world?

If the price of oil gets really high (like over $100 on a sustained basis minimum) AND we see seriously constrained global growth, that might be worth revisiting. Might.

But of course, we already had WTi crude oil prices near $100 on average from mid 2010 to mid 2014, and the US and global economy trudged right along, even though your ilk completely ignores that NO MATTER HOW MANY TIMES the obvious is pointed out to you.

Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.

"President Donald Trump claims that a $200 billion investment by the federal government will lead to nearly $1.5 trillion in new infrastructure spending—when it’s leveraged in the private sector over 10 years. That’s the gist of the long-promised “plan” he released on Feb. 12.

But as we’ve seen before, when the president makes big plans and claims that someone else will pay, he’s scamming us.

Trump’s infrastructure plan hinges on a $100 billion matching grant program for states and cities to launch their own projects, with additional funds coming from a $50 billion rural investment program, along with a few other line items. That’s supposed to entice private companies to come out of the woodwork and rebuild America to the tune of $1.5 trillion.

Just like Mexico won’t pay for a border wall, private investors won’t pay for roads, bridges, and energy infrastructure just because the president says they will. Kicking federal obligations to private companies doesn’t work that way.

The Democrat's plan raises the funds to invest in America and tamp down the deficit at the same time by raising taxes on billionaires and closing corporate tax loopholes—the exact opposite approach of the Trump tax plan (which, at a cost of $1.5 trillion or more, would have been enough to fund his entire infrastructure plan directly).

So remember: If the president offers to take you out to dinner, don’t accept unless you’re ready to either go hungry or foot the bill."